Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › Accounting Standard 4 deals with contingencies a…
Accounting Standard 4 deals with contingencies and events occurring after
AThe balance sheet date
BThe audit report date
CThe start of the year
DThe date of incorporation
Answer & Solution
Correct answer: A. The balance sheet date
AS-4 covers contingencies and events after the balance sheet date and requires proposed dividend to be disclosed accordingly.
Related questions
Labour unions use financial statements when negotiatingAnother name for the balance sheet is the statement ofMD&A in an annual report gives a narrative from the view ofInternational Financial Reporting Standards are developed by theGAAP stands forConsolidated statements present a parent and its subsidiaries asMoney received for services not yet provided is recorded asApple trees grown to produce apples are an example of